A Theory of Discouraged Borrowers

By Y. Kon, D. Storey. 2003

498 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/fdf450a085c2b6b6b82b41de2c793506befe743d

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Citations in the corpus

Quantity and quality of information and SME financial structure (2012, background): “Berger and Udell 1990; Harris and Raviv 1991; Kon and Storey 2003 ).”
Financing technology-based small firms in Europe: what do we know? (2012, background): “3 In fact, the very expectation of credit rationing may create “discouraged borrowers” (Jappelli 1990, Kon and Storey 2003).”
The demand and supply of external finance for innovative firms (2013, background): “Is it possible that firms do not seek external capital because they do not think they are going to obtain it? Our data do not contain direct information on a possible “discouraged borrowers effect” (Kon and Storey, 2003).”
The latent demand for bank debt: characterizing “discouraged borrowers” (2012, background): “However, following the work of Levenson and Willard (2000), Kon and Storey (2003) wondered at the significance of ‘‘discouragement’’.”
What do we know about entrepreneurial finance and its relationship with growth? (2015, background): “Thus, the perception that the supply of finance is poor may result in discouragement and reliance on internal finance (‘discouraged borrowers’: Kon and Storey, 2003; or discouraged finance seekers: Xiang et al., 2014).”
Are good or bad borrowers discouraged from applying for loans? Evidence from US small business credit markets (2009, methodology): “According to the theory proposed by Kon and Storey (2003), one of the most important determinants of discouragement, which is of crucial concern to lenders, is the unobservable quality of borrowers.”
Business collateral and personal commitments in SME lending (2006, background): “academic literature (Levenson and Willard, 2000; Kon and Storey, 2003 ).”
Innovation, SMEs and the liability of distance: the demand and supply of bank funding in UK peripheral regions (2016, background): “In their classic paper on discouragement, Kon & Storey (2003) develop a model where there are good and bad firms and there is a cost (financial, time or “psychic”) which dissuades firms from seeking external sources of funding.”
Small business financing in the UK before and during the current financial crisis (2012, background): “However, this should not be automatically taken as evidence of discrimination against certain ethnic groups, as they may indeed have a different borrowing patterns or other non-ethnic risk factors (Bank of England, 1999; Fraser, 2009; Kon and Storey, 2003; Raturi and Swamy, 1999; Sena et al., 2010; ”
Perceived credit constraints in the European Union (2012, unknown): “Indeed, Kon and Storey (2003) argue that borrower discouragement can be greater when there are fewer alternative sources of funding.”
Discrimination, Social Capital, and Financial Constraints: The Case of Viet Nam (2017, methodology): “In the model proposed by Kon and Storey (2003), better preparation of loan applications is one determinant of good applicants.”
Business Starters and Credit Rationing (2008, methodology): “As understanding the true extent of credit rationing needs to account for discouraged application behavior (Levenson and Willard, 2000; Kon and Storey, 2003), we intend to bridge the gap in the current literature (Parker, 2004) by analyzing denial and application rates simultaneously with a…”